The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-12

l
per osh'' according 10 tue olass oil bonds, Is
tIoSot'
10 sammarse, ana make inc foregoing
Eatement aiaer, the following table Is
eabmnte !, showing inc amount Of bonds ro-
tired undef tho Act o. lSSS' by the Funding
BoAra. each one OF whicn. and the coupons
theresnl nave eeon guy clnc,lea, eIamdned
s sd s.se aT a. IN inc oompuGlier : 9mGe'
ana are rea1 Ter the EXAMINATION OF eels
Iatiye oommlitoe, winch examination Is re-
splotfuiv asked
Bondg retired at per 90 Mt $50, $50, 900
Bonds 70 bred ats por osnt..,... -. 4l6, tO0
Total hon ds retired 81, ST5, 4eO
Ts0..k.voh ..n suh.it,odhv ,h. v,.5,..
pdars my" "sop es ws.oh ~ ssp o ,ps
s"enius new, Ut se''ieinon' ponus'
Now honds az per oen 49, eco
New bonds at per cent .....".".,-"., ~ 100
New bonds at per oent........ 72s,SOe
Total now, or "fottlemont
bonds .564 800
Tweaty. two mullen three hundred and
geyenty-fye thousand four hundred dollars
of the did debt h ayioe been thus retired and
bstitu6ed, there is vet, acc riding 10 the
books In The Com ptrollet's office, a balance
Of O. u.s. 100, without interest, Of our bonded
indoktodneas TO be acoOunted for. Ofthis IL
preson t Ia o. ding act tlSS3J there are about
81 9 q 0O9 OF fundabie, CON sisting of oduca-
tisnaI bonds, and others hereina fter referred
70, This leaves somo 81, 2LS, 900 Outstanding,
and liable 10 bs ia nded u nder this act. How
muoh OF this remain der will come in to be
funded. and when. cannot be told with oar.
tainty, Much OF Il has a OF been head from
by tho Funding Board. A good deal of il is,
az Aown by tho books, in tho oriEi,
nal form OF issuanes, mover hav.
ing been before any OF the four preced-
ing Funding Doards, and antedatos the war.
Her 90, some Of Il /, liable TO have been lost,
miai aid or destroyed in the general wraok
inoident to that period. some Of these
bonds are known 20 be In Europe, some in
the hands Of admjnistrstors, guardian. and
sfioiai ascnts, who d. not fec authorized 10
fund them, add, by so doing, thus change
the form of Investment, made In man in
stanors for specific pu poses, un ler DEGREES
of courts, aud under the wills OF deceased
holders. There arc, also, some Of these
bonds held back awaiting the action o. the
court In the case of Kohn va Tho Funding
Board, VII oh seeks d. ifareDt construct, ON
Of thO fund Ing act Of March Is, 1858, from
annt g,ysh oy tuS ponu' Whe,e'n ene Posf9
aov cnev a. Az n az
~ ooal wi VAN ouiso,y' wv ~ 'us,
sr,. se.s'on ~ ISsS 49, ,ghioS 1911 w..
oAI H , w TO- ~ "u,vu uouiu nI Nv
Y " V' I' 70 g., ."'oh IL ~ saoou " ~
and csasciaiiv whnn Tue dsriysti1e vs ",
auu eTeViag Mnen tue nsi ,tatsao was
srI ~ ene To,n Era III
y, v, " ~. ~ III n Vsi0u -
L. n.url l. t.. "a n. ,acn 49,. ,..l.
tse SUu i Ua,Vm, sn" 'u' o"So NJ" pouuS ID
M TL ~ seho oya'
In the St,tS, and wSica are not rssaired'
undar the act o. 1885,, 20 be fu nded, agxre-
gate the sum of $4,000, upon which ali in
torest has been paid TO date
Uader the act Of Nation 20, 1872, there wors
deposited Ia tho Pourth National Bank of
Nashville, by tho Lnuisvilie aud Ma hyjlIs
Il nlroad Oompany' 300 COZ, MAKING a total
Of about $500 900 An examin ,tion OF the act
Dos and Of the Stato's iStersst in The hand,
These hands have remRined In the yAults az
the bank lor many years, they propsrIy be-
long 10 / Q State, and may be cisssed a. so
funding, and certainly somcthins In regard
hsralo lookinK a. tho oanneIIation Of theae
honda, ebould be done.
In III IA CON neotion, / refer also 10 n subse-
auent D ri Of This message with resuect 10 tho
B nd, the state held in trust By the INTEL
States Government,
nVrA ,IIpn coupoN
pS,h NM o0o ''No,
10 DO tded to the estimate of the indobt-
odnoss Of tho alto are certain detached oou-
pons which are not included uutor the pro-
visions OF tho settle mont act Of 1888, and arc
therefore, uaproy dad for. The exact amount
OF hose dogach ID coupons is not known, but
we know OF an amount that will aggregate as
much as so. 900 or $1,000. respectfully
call attention to them, as they constitute a
part Of the in dobtedness Of tho Stat, which,
Wuel lnOIuNRuly luNutluout hnOulu DC pro-
yitOd fer a. the wisdom of the Legislature
may details.
RESOURCES OF THE STATE.
Thu tshnistaj ststsmsnt ~ ,hs Cn,.Dt.oi-
lor 4 tenort of Tho oharacter and yaluat;on
Of propcrty for a series of years shows hat
the aggregate assessed valuations for the
pet six years (exolu ting railroad aud tele-
srarn proSnessyl were as ioIieSs; In ISL it
s,S Siil 1913 w IN ~, W. oSi'oioi IN ,oSi'
SSSS9s,L,s,i IN los)' sa-a'hS''O u.s. ana IN 1885,
s-1a.'S'u nv ~. ,.,,
a, as 10 rM'aNsns, y IS SHOWN that IN 1855
mere were % ~ m anS 80 81 lnee Ia tne state
s6,o2l AZ psr mile. In lSsl the total number of
mlles was returned A. = VI, assessed 'tau az
grog,e oI Sa,Dl' uO oii showing an average
OF uo,tW II; Toe assessment OF railroad
properly maue on uo'oOer o. 1880, tor tue two
years, 1879 ana 1885, showed an aggregate
muoage lnet including sido traoksl o. 2l9no9,
values under tho assessment at I'll ,bi1 ,6S2Ol,
wsloh u an average value per mule OF Sli,-
os' rms aggregate VALUATION aud nile
age y OF OeISoer D, 1852. IL Is f9,Sg2,5SS "
less than IN 1881, but SUI Si,oSl 49, % great
on Ihln inc valuation shown by the Comp
umMIer report IN lSaS.
n, me yallanon of telegraph property is
t9I,OSo w. which is 2,0A 81 greater taan fer
me proceeding year.
ny adding together the valuations OF taxa: